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This profile was last updated on 5/19/14  and contains information from public web pages and contributions from the ZoomInfo community.

Employment History

  • Vice President Development
    Senior Housing Partners
  • Vice President of Development
    Presbyterian Homes
  • Vice President of Project Development
    Presbyterian Homes
  • Vice President Development for Development Arm
    Presbyterian Homes
48 Total References
Web References
"We've looked forward to the day ... [cached]
"We've looked forward to the day for over two years," John Mehrkens, Vice President of Development of Senior Housing Partners said in the release.
When asked to comment on the ..., 15 July 2010 [cached]
When asked to comment on the start of construction and the infrastructure plans, John Mehrkens, V.P. Development for Presbyterian Homes' development arm, Senior Housing Partners, stated, "Presbyterian Homes is delighted to have begun the construction process.
"We are thrilled and excited about ... [cached]
"We are thrilled and excited about the opportunity that the community has made available to us, and excited about moving forward with our project," said John Mehrkens, vice president of development for Presbyterian Homes, after the meeting.
Mehrkens agreed to submit a modified tower design for later council review, and remove it altogether if the next design isn't acceptable to the council.
Out of the more than 100 people who spoke at the meeting, only about a dozen spoke against the project.
Mehrkens said the number of people who spoke was an incredible exhibit of community involvement.
"That is a sign of a very, very special place and a place that we want to be," Mehrkens said.
Recent News | Land Brokers | Minnesota / Western Wisconsin | Page 3 [cached]
"We're on track and we want to stay on track," said John Mehrkens, vice president of project development for Roseville-based Presbyterian Homes & Services.
Of the 90 units, 87 percent are pre-leased now and of those, 70 percent of the residents are coming from within a 5- or 6-mile radius of Wayzata, Mehrkens said.
Of the retail space, 75 percent is pre-leased, he said, with Lunds being the anchor tenant.
"Demographically, there's going to be a ... [cached]
"Demographically, there's going to be a continued demand," said John Mehrkens, vice president of project development for Senior Housing Partners, the development arm of Presbyterian Homes. During much of the past year, in fact, senior housing projects have accounted for a substantial portion of the area's residential building activity.
"Without financing, projects don't happen," Mehrkens said. Start dates for the Eden Prairie and Wayzata projects, both of which will include non-senior elements, have both already been pushed back a year amid the uncertainty in the capital markets.
The depressed housing market is a factor in slowing senior development, Mehrkens said, noting that many seniors are sitting tight, waiting for a more opportune time to sell their existing homes.
"We need the housing market to recover," Mehrkens said.
But Mehrkens is seeing some hopeful signs on the horizon: "Our traditional method of financing projects has been municipal bonds (and) I think we're starting to see signs in the market that bond prices are coming back our way."
Mehrkens said the nonprofit hopes to start on the St. Paul project this fall, presuming financing falls into place.
Mehrkens is now hoping to start construction in Wayzata in the summer of 2010. Mehrkens said that Presbyterian Homes will tap partner sub-developers for the non-senior elements of the project - condos, retail, hotel - to work within the master plan for the area.
Presbyterian Homes began talking to the city of Eden Prairie about its plans there in 2006. The expansive project calls for 707 units of housing - 447 senior units and 260 units of non-senior housing -- plus 70,000 square feet of retail near the Eden Prairie Center mall.
"The plan has not changed in any way: it's just being postponed probably a year," Mehrkens said.
Mehrkens said that Presbyterian Homes now hopes to start construction there in late 2010 or early 2011.
They went to a number of providers and we ended up being selected as their partner that they wanted to move forward with," Mehrkens said.
Mehrkens added that the nonprofit also has plans to replace a 32-bed assisted-living center in Spring Park for an estimated $12 million and to relocate a care center in New Richmond, Wis., also an estimated $12 million project.
In downtown Minneapolis, Presbyterian Homes paid $11.6 million in November 2005 for an 8-story, 132,000 square foot glass office building at 1221 Nicollet Avenue. The plan has always been for eventual redevelopment. But Mehrkens said plans to start redevelopment in 2011 there will likely be pushed back to a later, yet-to-be determined date.
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